Medifast Inc (MED) financials
Medifast revenue and earnings by year
Medifast's revenue was $386 million in the fiscal year to December 31, 2025, down 36.0% from the year before. Net income was -$18.7 million, -4.8% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 3.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.39 | 0.60 | 1.07 | 1.60 | 1.53 | 0.93 | 0.71 | 0.50 | 0.30 | 0.27 |
| Revenue growth | -36.0% | -43.8% | -32.9% | 4.8% | 63.2% | 31.0% | 42.4% | 66.1% | 9.8% | — |
| Gross profit | 0.28 | 0.44 | 0.78 | 1.14 | 1.13 | 0.70 | 0.54 | 0.38 | 0.23 | 0.21 |
| Gross margin | 71.3% | 73.8% | 72.4% | 71.3% | 73.9% | 74.6% | 75.2% | 75.8% | 75.5% | 74.9% |
| Operating income | -0.01 | 0.00 | 0.13 | 0.18 | 0.22 | 0.13 | 0.09 | 0.07 | 0.04 | 0.03 |
| Operating margin | -3.7% | 0.5% | 11.8% | 11.6% | 14.2% | 14.4% | 12.8% | 13.8% | 13.1% | 9.8% |
| Net income | -0.02 | 0.00 | 0.10 | 0.14 | 0.16 | 0.10 | 0.08 | 0.06 | 0.03 | 0.02 |
| Net margin | -4.8% | 0.3% | 9.3% | 9.0% | 10.7% | 11.0% | 10.9% | 11.1% | 9.2% | 6.5% |
| Diluted EPS | -$1.70 | $0.19 | $9.10 | $12.73 | $13.89 | $8.69 | $6.43 | $4.61 | $2.29 | $1.50 |
| Free cash flow | 0.00 | 0.02 | 0.14 | 0.18 | 0.06 | 0.14 | 0.07 | 0.06 | 0.04 | 0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MED in Markets.
See also: MED valuation and P/E history · MED returns
No forecast, no recommendation. This page describes Medifast Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.